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Vol. 43 No. 78 (2024)
Special Issue: the Contemporary Global Economy

Articulos

The Qualitative Impact of Foreign Direct Investment in the Albanian Clothing Industry

https://doi.org/10.19053/uptc.01203053.v43.n78.2024.17251

Published 2024-07-13

  • Jonida Teta
    • ,
  • Eralda Xhafka

Jonida Teta
Polytechnic University of Tirana image/svg+xml

Eralda Xhafka
Polytechnic University of Tirana image/svg+xml

Abstract

The objective of this article is to examine the long-term impact of foreign direct investment (FDI) on the garment industry in Albania. The main methods used were analysis, forecasting, and abstraction. The qualitative impact of FDI on the garment industry in Albania was examined. The benefits that Albania receives from actively attracting investments were described, and recommendations were given to improve the quality of clothing production in the country by foreign companies. This article presents an analysis of the evolution of foreign clothing companies in Albania, based on a series of data sources that provide qualitative and quantitative information on the country’s clothing industry. A vision of the qualitative impact of foreign direct investment and industrial advances is presented. The study showed that the Albanian government is actively attracting foreign direct investment to develop the clothing industry, recognizing its potential as a catalyst for economic growth. The country’s trade policy has been aligned with World Trade Organization standards and there are incentives within the sector to develop such enterprises.

Keywords

macroeconomics, finance, international relations, public policy, clothing production, Albania

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